The LATEST normal retirement age which an employer pension scheme can use is:

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Multiple Choice

The LATEST normal retirement age which an employer pension scheme can use is:

Explanation:
Normal retirement age is the age at which a pension scheme normally starts paying benefits without actuarial reductions. Regulators cap the maximum NRA to prevent schemes from pushing retirement too far and to maintain fairness and funding stability. The latest age a scheme can designate as its normal retirement age is 70, so the answer reflects that upper limit. Schemes may allow earlier retirement with reductions or later retirement up to this limit, but cannot set the NRA higher than 70. The other ages are either below the cap or exceed it (75), and thus aren’t the latest permissible.

Normal retirement age is the age at which a pension scheme normally starts paying benefits without actuarial reductions. Regulators cap the maximum NRA to prevent schemes from pushing retirement too far and to maintain fairness and funding stability. The latest age a scheme can designate as its normal retirement age is 70, so the answer reflects that upper limit. Schemes may allow earlier retirement with reductions or later retirement up to this limit, but cannot set the NRA higher than 70. The other ages are either below the cap or exceed it (75), and thus aren’t the latest permissible.

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